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...when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment banking. In 2006, trade publication the Banker named Verme one of the top 10 movers and shakers in the Latin American business. It was big news in banking circles when Citi tapped Verme for Dubai. (See the best business deals...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...bank by similarly helping someone with their business. According to the World Bank, nearly one and a half billion people survive on less than $1.25 a day. Whether it be helping a basket-weaver in Ecuador or a sheep-herder in Kazakhstan, the organization Kiva.org allows you to play banker by investing small amounts of money in someone’s start-up business on the other side of the globe. Alternatively, you can support the economy and help a family in a developing country by buying them a farm animal through Heifer International. The animal you donate will help...

Author: By Meredith C. Baker | Title: Make Like a Democrat | 12/14/2009 | See Source »

Less than six months after South Carolina Governor Mark Sanford copped to conducting an extramarital affair in a tearful press conference, his estranged wife has formally called it quits. Jenny Sanford, a high-powered investment banker before becoming the Palmetto State's First Lady, announced on Dec. 11 that she was filing for divorce after 20 years of marriage. "This came after many unsuccessful efforts at reconciliation, yet I am still dedicated to keeping the process that lies ahead peaceful for our family," she said in a statement. The split doesn't come as a surprise: the former Lazard bigwig...

Author: /time Magazine | Title: Jenny Sanford | 12/14/2009 | See Source »

...fellow investment banker Mark Sanford at a 1987 beach party in the Hamptons. They married two years later and soon returned to his home state of South Carolina, where he began a real estate business and the family grew to include four sons. (Read a two-minute bio of Mark Sanford...

Author: /time Magazine | Title: Jenny Sanford | 12/14/2009 | See Source »

Ronald Reagan would have done it differently. He would have told a story. It might not have been a true story, but it would have had resonance. He might have found, or created, a grieving spouse - a young investment banker whose wife had died in the World Trade Center - who enlisted immediately after the attacks ... and then gave his life, heroically, defending a school for girls in Kandahar. Reagan would have inspired tears, outrage, passion, a rush to recruiting centers across the nation...

Author: /time Magazine | Title: Afghanistan: Can Obama Sell America on This War? | 12/3/2009 | See Source »

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